DYNAMIC AEROSPACE SYSTEMS Corp (BRQL) Form 8-K — Oct 22, 2026
$BRQLForm 8-KItems 1.01, 2.03, 5.02, 9.01Filed Oct 22, 2026, 5:43 PM ET0001437749-26-033299Original filing
Dynamic Aerospace Systems entered a series of related-party financing agreements on October 16, 2026 with COO Jeffrey Hail and CEO Kent Wilson, formalizing and extending prior advances from insiders. These include a $35,581.67 promissory note at 18%, two credit-card-funded revolving lines at 29.99% with combined opening balances of roughly $155,430, a consolidated short-term loan with $128,171.06 outstanding, and an extension of a $54,000 note to Wilson.
Key figures
- Cfo rsu grant
- 500000
- Wilson note oid
- 25% (net proceeds $40,500)
- Maturity structure
- earlier of December 31, 2026 or Uplisting Payment Date
- Cfo salary increase
- $185,000 to $200,000
- Wilson note principal
- 54000
- Hail short term loan oid
- 5%
- Wilson note interest rate
- 18% per annum
- Hail revolving line credit limit
- $90,000
- Hail revolving line interest rate
- 29.99% per annum, compounded monthly
- Hail promissory note interest rate
- 18% per annum
- Hail short term loan flat interest
- 15% of face amount
- Wilson revolving line credit limit
- $40,000
- Wilson revolving line interest rate
- 29.99% per annum
AI analysis
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